Oct. 31, 2025 - Bannon's War Room
48:53
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| Give us the contours of the deal. | ||
| Right, Katie, let's just get jumped right into what President Trump is saying that they actually did agree upon. | ||
| He said, number one, that there was an agreement on China that would be repurchasing soybeans that they had effectively stopped purchasing over the course of the summer because of the sky-high tariffs that were placed on the United States at one point up to 145%. | ||
| President Trump says that he agreed to drop the current tariff rate by 10% because China committed to addressing the illegal fentanyl issue. | ||
| At the same time, when you drop it by just 10%, President Trump says that he is still slapping a 47% tariff on all Chinese goods coming into the United States. | ||
| He did also suggest that China would make openings for rare earth minerals to be exported to the United States. | ||
| We don't have details on exactly which rare earth minerals those are. | ||
| We know that was a key sticking point. | ||
| We also know that the President of the United States suggested that as part of this exchange, that he would allow for the exporting of U.S.-produced semiconductors and chips and even allow NVIDIA to engage directly with the Chinese government. | ||
| And so, what was not discussed? | ||
| Well, number one, Taiwan. | ||
| There was no word on the finalization of a TikTok deal. | ||
| I am told that that did not come up over the course of the two hours of this meeting. | ||
| But also, when we talk about the buying of soybeans, for example, and the agricultural goods that the Trump administration is saying China committed to buying, I want to be very clear. | ||
| And I think we've got a graphic where you can look at the last 10 years about the amount of soybeans that China has bought from the United States. | ||
| And you look at last year and in 2023, it was 26.8 and 26.4 million metric tons. | ||
| To put that in context, Scott Besant this morning said that China agreed to, at a minimum, purchase over the next three years, each of the next three years, 25 million metric tons. | ||
| So the commitment that the president got on soybean purchases would be less than the amount they had bought in previous years. | ||
| The president went over there with the intention of bringing something back. | ||
| Is this enough? | ||
| Well, it's a great question, actually. | ||
| I mean, look, it's the old diplomatic strategy, right? | ||
| Take what you get, declare a victory, and go home. | ||
| Whether it is a victory or not, beyond being able to say you've got one is the bigger question. | ||
| At this point, it looks like it's relatively modest. | ||
| It's obviously, you know, closer than they had been prior to the meeting, but not solving the bigger, more sustained, more difficult issues that divide the United States. | ||
| And China, I was struck when the President said that he gave this a 12 on a scale of 10 for being a great meeting and that they made a lot of progress and were very close on some important things. | ||
| That's almost word for word the things he said when he met in Alaska with Vladimir Putin. | ||
| I was there in the room for that. | ||
| He said it was a 10 out of 10, not 12, but it was a 10 out of 10, and they made a lot of progress and we're very close on some really important things. | ||
| And of course, we all know what happened after Alaska, which is nothing. | ||
| So, you know, you've got to be careful about over-evaluating how much this will be worth. | ||
| If it means, though, that there is sort of a kind of a truce in a way, that there's a less hostile relationship for the now. | ||
| And if the president is going to go to China, as he said now, he's going to do next April, and then, of course, President Xi would then visit the United States, that at least creates a pathway toward a more constructive exchanges, at least, rather than the sort of volatile and often hostile things we've been seeing in the last nine or ten months. | ||
| At the same time, announcing the nuclear weapons testing and the resumption of that. | ||
| What message is that sending? | ||
| Well, that looks aimed at Russia, but of course, China has very strong concerns about this, right? | ||
| China has been a growing nuclear power. | ||
| They have been increasing their nuclear arsenal after many years of not doing that to the point that the Pentagon says that they're going to be much closer to the size of the American and Russian arsenals within the next decade. | ||
| But Russia, I think, was what, sorry, what Trump was focused on because Putin recently announced that they had tested a nuclear-driven missile, not a nuclear warhead, not a nuclear explosion. | ||
| And so it's not entirely clear what Trump is talking about here. | ||
| If he's actually talking about a nuclear test, that is exploding a bomb, a warhead. | ||
| The United States hasn't done that since 1992, but neither has Russia or China. | ||
| They haven't done that in the last 30 years for the most part either. | ||
| And it would be a very big change in our security atmosphere. | ||
| I think probably what he's talking about is something that's meant to be equivalent to what Russia did, which is some sort of nuclear-powered missile or device. | ||
| It may be that he doesn't even have a specific thing in mind. | ||
| He's just saying that to rattle sabers. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies because we're going medieval on these people. | ||
| Here's not got a free shot on all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you try to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
| MAGA media. | ||
| I wish in my soul, I wish that any of these people had a conscience. | ||
| Ask yourself, what is my task and what is my purpose? | ||
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
|
Here's your host, Stephen K. Vance. | |
| Thursday, 30 October, Year of Our Lord, 2025. | ||
| It's still, by the way, have they started the have they started trick-or-treat over at the White House? | ||
| They have not? | ||
| Are we going to go live? | ||
| I'm always, you know, well, at least we'll start the beginning. | ||
| It's kind of a 5:30. | ||
| Okay, it's kind of a nasty, it's kind of a nasty day back here in D.C. | ||
| It's actually warmed up a bit, but started quite raw and very rainy, so I don't know if the kids are going to be out there or not. | ||
| But we always try to do at least a little bit of the trick-or-treat. | ||
| Mo Bannon joins me. | ||
| Are you here for the trick-or-treat? | ||
|
unidentified
|
Oh, yeah. | |
| I'm going to head over right over the White House. | ||
| Mo shows up. | ||
| Oh, that's right. | ||
| You're going to the last 600 meters. | ||
| Surprise. | ||
| Surprise. | ||
| Mo shows up. | ||
| I'm only here for a couple hours. | ||
| And then I hear the White House trick-or-treat. | ||
| You're here for the trick-or-treat, and you're here for the Easter egg gun, right? | ||
| Here, too. | ||
| So, China, there's still been not a lot of clarity, even out of the Financial Times, et cetera. | ||
| But I think if you look at CNN, if you look at Baker and Vaughan, of course, the mainstream media has always got to put the most negative spin on things for Trump. | ||
| Let's just go back. | ||
| And I think we understand this now if they're talking to enough people. | ||
| And I can't emphasize enough, Trump was dealt an incredibly bad hand here, not just the incompetence of the Biden administration and, quite frankly, the pro-China, the pro-CCP of Biden and the Sun Hunter. | ||
| And it gets down to rare earths, which happened on Obama's watch when they bought the processing facility. | ||
| I still don't think that that was done with all the necessary approvals. | ||
| I'm trying to track that down. | ||
| And of course, Biden was VP, and Biden was put in, Biden was, you're sitting there going, just saying, no conspiracies, but no coincidences. | ||
| I got to be careful. | ||
| Now that you're on the board at West Point, we can't know no more hotel move. | ||
| I've done better. | ||
| No hot takes. | ||
| The knife to the throat of the United States, and I can't emphasize this enough, and I don't think anybody's doing a good enough job, even the business media, of saying exactly what a terrible situation we were in. | ||
| The magnets and these other things associated with heavy rare earths would have put us in a position with our heavy manufacturing, the production lines that would shut down in six, eight weeks. | ||
| President Trump, at least what we understand, got a one-year extension on that. | ||
| Will Australia be ready by then? | ||
| Will other processing, I know Peter Navarro is on this 24-7. | ||
| Will this potential deal with Brazil? | ||
| I think the road, the road that Bergham is building, the 250-mile road, the gravel road up through the wilderness of Alaska to, I don't know, the Arctic Circle. | ||
| The search is on now to process and to get these rare earths to make sure that's the supply chains. | ||
| Remember we had Rosemary on all the time with the API, the active pharmaceutical ingredients? | ||
| We talked about this years ago, how the Chinese Communist Party has strategically gone and got these things like active pharmaceutical ingredients, API, that people just sit there and go, well, why is that a big deal? | ||
| Well, it leads to everything that goes into generic medicine and they control it. | ||
| They control that part of the supply chain. | ||
| Just like rare earths, most of rare earths are just dirt, but some of it is not. | ||
| President Trump and Besant had to come away with that. | ||
| They thought they had it back in June and July when they had the interim agreement. | ||
| It turns out not because the Chinese Communist Party is always going to put a knife to your throat. | ||
| Why? | ||
| Cleo Pascal, who I just think, I'm so proud of the China team we have here, just such a brilliant group of analysts and professionals. | ||
| But if she says, hey, you guys got to remember something, they're gangsters. | ||
| They're in business with the Chinese tongs. | ||
| This is why fentanyl is so bad. | ||
| Now, do we get enough fentanyl promises? | ||
| I don't know. | ||
| President Trump did back off on the tariffs. | ||
| As much as we're tariff guys and bring the jobs back, more importantly in that, because you've got to look at the escalatory ladder or the, you know, up the value chain. | ||
| Right now, to me, this entire negotiation revolved around three central things. | ||
| Number one, advanced chip design and their access to advanced chips. | ||
| Number two was Taiwan, the defense of Taiwan, for guess what? | ||
| Those chips, those plants, those facilities. | ||
| And number three was the rare earths, which allow us to continue as an industrial powerhouse. | ||
| If you don't settle those, all the soybeans and everything else, which is absolutely essential, important, particularly important to soybean farmers, they're going to fade over time. | ||
| These three, and you rank out what we need on deals. | ||
| And this is why Besant and Trump are a great team. | ||
| I think they're fantastic. | ||
| Now, the details and the devil's in the details on this deal. | ||
| For instance, is Jensen Wong going to be the direct, they're going to be in discussions. | ||
| I mean, this is the guy that we saw, and I think that interviews from a month or two ago, but he's laying out the issue, and he's saying it doesn't matter who, it's not important what companies win or what countries went. | ||
| Hello. | ||
| Well, to Americans, Jensen, it's important. | ||
| And we need to, the whole thing I signed on AI the other day, I said a condition pressing this is we have to stop. | ||
| We have to take the argument away from the accelerationist that the Chinese companies party is going to take the high ground and win, you know, after the sputting moment, win the chip war. | ||
| It can't happen. | ||
| We cannot allow that to happen. | ||
| We can't allow any Chinese company to do it the way you do it. | ||
| I don't know. | ||
| Let me throw out some random ideas. | ||
| What? | ||
| Cut them off at capital, cut them off of training, throw them out of the universities, get them out of the national labs. | ||
| Don't let them steal any more technology. | ||
| Oh, by the way, no advanced chips, none. | ||
| And Jensen's making things, well, really, we want the future systems to be based off this. | ||
| They try to decouple from us on technology. | ||
| Let them decouple. | ||
| They shouldn't get access to it. | ||
| So, one of the parts of the deal that's still unclear, do we have the final say-so? | ||
| President Trump said no blackwell chips, which is the most advanced design, and assumed that no of these other advanced chips going forward. | ||
| So, you just need the details on that. | ||
| And then, you know, we had Forrest and others, and I talked to others that thought it was almost a precondition of even having the meeting and having the April meeting that some sort of framework, some sort of framework for with Taiwan would be worked out. | ||
| No, we're adamant about the defense of Taiwan. | ||
| Forget the moral issues, the democracy, forget all that. | ||
| Just the practicality that it's those are the most, that's the those advanced chips drive the American economy. | ||
| And you just can't, you just can't let them go, you know, willy-nilly. | ||
| So, so much coming back. | ||
| More clarity is going to be there. | ||
| I think Cleo may have had the best way to look at it. | ||
| It's two heavyweight title contenders that have finished kind of the first round, went at each other hard, and they're backing off. | ||
| And they're trying to, both sides are trying to buy some time here. | ||
| But President Trump, if he got just the extension for a year of full access to the rare earths, that is his, I don't understand why these guys are sitting there going, well, I don't know if he got any wins. | ||
| Yo, you're going to have your production lines shut down in six weeks. | ||
| Now, maybe people didn't explain it in those terms, so you don't understand it, but I see for the that big three, which are all kind of inextricably linked, the you know, the advanced chip design, right? | ||
| Uh, the potential, the defense of Taiwan, and the rare earths, I just see wins all across the place. | ||
| And you definitely gave some trade-offs, you get some trade-offs in the terrace in the absolute amount. | ||
| You definitely gave up something for fentanyl. | ||
| I'm not so sure that the guarantees they give because they're gangsters, they may just give me a lick and a promise. | ||
| So, but I think the president did, you know, the whole trip was magnificent, particularly the reason the way he kind of boxed him in a little bit. | ||
| Not just that, here's what I really love about it. | ||
| He got up last time we were sitting there going, Hey, guys, the way I'll say he may be leaving at one o'clock. | ||
| I go, that's going to be a pretty short meeting because it's only like an hour and a half. | ||
| Hey, at one o'clock, you know why? | ||
| Because the first lady said, You've got to be back. | ||
| You've got to be back for the Halloween. | ||
| Yeah, I don't want you to miss that. | ||
| And so, President Trump went to Air Force One, got on. | ||
| He's going to be back. | ||
| He's going to be at the Halloween celebration over at the White House. | ||
| 5:30. | ||
| I'm going to cut to that. | ||
| Mo Bannon's here. | ||
| We're going to talk a little 600 meters. | ||
| We got a special event. | ||
| A lot of war imposse showing up tonight. | ||
| Really appreciate you guys. | ||
| Philip Patrick, has there been any turbulence in the capital markets? | ||
| Have been any turbulence in gold? | ||
| You guys looking at the gold turbulence? | ||
| Philip Patrick's going to be here to explain it all to us. | ||
| Birch Gold, by the way, take out your phone. | ||
| Text Bannon at 989898. | ||
| The ultimate guide, which happens to be free for investing in gold and precious metals in the age of Trump, not the era of Trump, the age of Trump. | ||
| Check it out the day you get access to Philip Patrick's team. | ||
| He'll be on shortly. | ||
|
unidentified
|
Mo Bannon, thank you for being here for America's Voice, family. | |
| Are you on Getter yet? | ||
|
unidentified
|
No. | |
| What are you waiting for? | ||
| It's free. | ||
|
unidentified
|
It's uncensored, and it's where all the biggest voices in conservative media are speaking out. | |
| Download the Getter app right now. | ||
| It's totally free. | ||
| It's where I put up exclusively all of my content 24 hours a day. | ||
| You want to know what Steve Bannon's thinking? | ||
| Go to get her. | ||
|
unidentified
|
That's right. | |
| You can follow all of your favorites. | ||
|
unidentified
|
Steve Bannon, Charlie Kirk, Jack the Soviets, and so many more. | |
| Download the Getter app now. | ||
|
unidentified
|
Sign up for free and be part of the new. | |
| It was almost as though there was a Bogeyman out there. | ||
|
unidentified
|
We were facing a lot more enemy than we had the capability to deal with. | |
| They dug trenches, they fortified houses. | ||
| They were ready. | ||
| We wanted to go. | ||
| We were just waiting on the edge of a knife. | ||
| When are we going to get to go? | ||
|
unidentified
|
The order is seize the city. | |
| RPGs, small arms fire from everywhere. | ||
| I told him that I wanted to go, and he looked at me and said, Sergeant, you're going to die. | ||
| The destruction is just horrible. | ||
|
unidentified
|
The hardest thing about fighting this enemy is they're not afraid to die. | |
| They're not afraid to die, then how do you fight them? | ||
| Ram's gone down! | ||
| Be prepared to start at one end of the city and fight your way through to the other end. | ||
| There's firing going on. | ||
| There are grenades being thrown in the house. | ||
| Became hand-to-hand fighting. | ||
| It was so close. | ||
| Two selfless Marines run across this kill zone four times to pull Marines out of there. | ||
| I wasn't worried about, you know, getting shot or getting wounded. | ||
| I was worried about the guys to my left and right. | ||
| You always want to reassure these men that they've done their duty because that memory is seared into their soul. | ||
| They never forget it. | ||
| None of us do. | ||
|
unidentified
|
Foreign policy, I don't make it. | |
| I just deliver the last 600 meters of it. | ||
| Okay, tonight, after 17 years being suppressed, the great film by Michael Pack about the Marines of 1st Fallujah, Najaf, and 2nd Fallujah, and by the way, there are Army Special Forces here. | ||
| There's Air Force. | ||
| It's everything. | ||
| You see as we roll up to the 250th commemoration of the birthday of the Marine Corps, the heart of the Marine Corps, which is infantrymen on a battlefield. | ||
| And it's incredible. | ||
| And after 17 years, it's going to premiere on the 250th anniversary, 10 November at 10 p.m., which is kind of the primetim slot for the documentaries of PBS shows. | ||
| They had the Robert F. Kennedy one last week. | ||
| So on the 10th, that's Monday the 10th at 10 p.m. | ||
| The last 600 meters, after 17 years of not being seen, it is a, and we're going to have a bunch of folks tonight for kind of a special screen. | ||
| I want to thank you for coming. | ||
| I want to thank you for organizing it with Gina Pack. | ||
| I know now that you're back up at West Point on the board how important these veterans' affairs are for you, how important it is to make sure that the men and women that were in combat in the Iraq and Afghan war are taken care of. | ||
| Oh, I definitely agree. | ||
| That's definitely, I've said it before in speeches I've given that that's a hill I'll die on is to make sure that veterans are taken care of because as we've seen, I mean, the last 600 meters is about two battles at the beginning, towards the beginning of the Iraq War, 2004. | ||
| We were in Afghanistan for 20 years. | ||
| People that have been on this show have deployed numerous times. | ||
| Taj Gill, Joe Kent, numerous deployments. | ||
| When you took over your command, your first command, I think it was down at Fort Lee. | ||
| It was before Fort Stewart. | ||
| How many non-commissioned officers did you have? | ||
| 16. | ||
| 16. | ||
| And those non-commissioned officers, on an average, had how many tours in Iraq and Afghanistan? | ||
| At least four or five, and that was on the lower side. | ||
| Many of them had close to double-digit deployments. | ||
| It destroys the families, right? | ||
| I mean, the families don't take the brunt of that. | ||
| It does because you have to be a strong person to be able to have your spouse go over, deploy constantly. | ||
| And especially dual military. | ||
| I had a lot when I deployed to Iraq in my unit that were dual military. | ||
| So either if they were in the same unit, that's very hard on a family, which I had two NCOs that were in my company that were dual military. | ||
| So their kids were back home with their family members. | ||
| So it takes a toll on them. | ||
| They deployed the folks at the same time. | ||
| Usually they try and offset it. | ||
| So one deploys and then the other. | ||
| But this time they were both in the same unit. | ||
| And you guys had the specialties of the logistics. | ||
| You just needed them. | ||
| They had to do it. | ||
| Wow. | ||
| That's how short the manpower was? | ||
| It was. | ||
| I mean, I got to my unit in February, like right after my birthday in February. | ||
| And they told me, oh, you're not going to deploy. | ||
| And then in April, they said they were short numbers. | ||
| And I said, I want to go because that at West Point was what we were taught. | ||
| It was a volunteer army, still is a volunteer army, but it was a time of war. | ||
| You knew that most likely when you left West Point, you were going to deploy to either Iraq or Afghanistan. | ||
| So when I got to my unit and they were already in Iraq, you know, I felt not useless because I was doing great things back home in the rear. | ||
| However, when they said they needed people, I said, well, you can send me. | ||
| How many people in your class, how many KIAs, how many killed in actions do you have severely wounded? | ||
| I know a couple of folks in your class were severely wounded. | ||
| There are, I believe, five or six killed in action. | ||
| And then, you know, three of them were killed very shortly into their deployments. | ||
| I had a friend who played Army football who he deployed in his unit. | ||
| They were doing right seat, left seat. | ||
| So the outgoing unit was basically doing ride-alongs with the incoming unit. | ||
| And there was an IED, and he was killed by the IED. | ||
| And he was an outgoing unit. | ||
| He was an incoming unit. | ||
| So he was in country in Afghanistan maybe two weeks and he was killed. | ||
| I had another classmate who actually was in the, I believe it's called the Army Mentorship Program. | ||
| He did not graduate West Point. | ||
| He was kicked out a week or two before graduation because he plagiarized. | ||
| But he on a paper. | ||
| This is an honor code. | ||
| So it was an honor violation. | ||
| So they basically kick you out and send you to a deploying unit and you have to serve a certain amount of time and you can reapply to come back to West Point. | ||
| And he was in. | ||
| Even with an honor violation? | ||
| It's up to West Point if they want to readmit you, but you can reapply. | ||
| He was in the process of reapplying and was killed on his deployment. | ||
| Wow, on the mentorship program. | ||
| And you go over as an NCO. | ||
| So he was an E4. | ||
| He was a specialist. | ||
| He was an E-4 specialist. | ||
| After tonight's premiere and then after the Marine Corps, we're going to do something. | ||
| We're going to make a special effort to make sure that we can get last 600 meters out to every person. | ||
| The reason is that with things come up in Venezuela and there's always kinetic activity. | ||
| You've got it in the Middle East, you've got it in Ukraine. | ||
| I think it's very important for us to go back and to think about these wars. | ||
| This is, like I said, from, I guess it's the relatively early days of in a 20-year war, the relatively early days of Iraq and Afghanistan. | ||
| I can tell you in assisting Michael Pack in putting the movie together, you're furious as you go through of the political, of the political establishment, of just the decisions that are made and really putting men and women in harm's way and then just at the last second making some decision. | ||
| And you look at all this blood and treasure that you spend and you realize we really have to think through before we ever deploy people in harm's way. | ||
| Not the United States is not a country that can deliver the hammer blow, but you got to make sure you really thought it through of what your objectives are. | ||
| I agree with you. | ||
| And also, you have to thank the people making decisions to send us into these wars. | ||
| Did they have sons and daughters going over there? | ||
| I don't think so. | ||
| They didn't serve. | ||
| They didn't have sons and daughters that served. | ||
| It didn't affect them. | ||
| And the fact that, especially the men in this movie, you know, that was back in 2004. | ||
| Think about the PTSD that they have, the things that they saw compared to when I deploy or when I deployed or around the time I deployed. | ||
| Don't get me wrong. | ||
| People I deployed with numerous people, you know, in the later years have PTSD. | ||
| However, the things that they saw and the fact that we, as a country, aren't treating our veterans the way they should be treated or the mental health care that they need. | ||
| So, I mean, that's a hill that I will die on because we see veterans turning to drugs and alcohol and other avenues of approach to cope with the PTSD from things that they've seen over there. | ||
| And then we're like, oh, okay, we're not going to help them. | ||
| And we're not accounting for the correct number of veteran suicides. | ||
| You know, the slogan that the military likes to put out or the VA likes to put out is 22 a day. | ||
| It's not 22 a day. | ||
| It's closer to 44 a day. | ||
| We've seen studies. | ||
| How do you get that number? | ||
| There have been studies. | ||
| There have been studies that have come out from other organizations besides the military. | ||
| And the VA is not accounting for anything other than suicides by weapons. | ||
| So you're not accounting for overdoses or drownings or hangings. | ||
| A lot of they're trying to say, they're trying to say, oh, that's not a suicide, but it is. | ||
| Yeah, I don't know. | ||
| If you're resorting to drugs to take care of PTSD or to cope. | ||
| Where do people get you? | ||
| I may actually have you say a few words. | ||
| I'm pretty good, Mo. | ||
| Where do people get you? | ||
| What are your coordinates? | ||
| You can find me on Getter and Twitter at Maureen underscore Bannon and also on Instagram at RealMaureen Bannon. | ||
| I'm still a little shadow banned on Twitter, so you'll have to go searching for my stuff. | ||
| I mean, it says Bannon and Steve Bannon's daughter in my bio, so I'm pretty sure that's a shadow banned. | ||
| We don't want to hear from you. | ||
| Did Grace come with you? | ||
| I said, Mo pops in. | ||
| Mo pops in on is Grace back for the for the uh is Grace for the Halloween party over at the White House? | ||
| Oh, yeah, she's going trick-or-treating at the way. | ||
| I have the premiere, she's got trick-or-treating. | ||
| Um, we'll see you over there. | ||
| Mo Bannon, thank you so much, honey, for coming through. | ||
| Birch Gold, uh, Philip Patrick is going to join us. | ||
| Been a little turbulent for the last couple of days. | ||
| Geopolitics, wow, mitigating risks. | ||
| The president of the United States negotiating a deal, negotiating a deal that's going to keep the production lines open at least for another year and we can come up to another alternative solution. | ||
| Besson, Navarro, the entire team. | ||
| Short commercial break on deck. | ||
| philip patrick the team at birch gold next in the war room okay the white house it's set up for halloween We had actually some amazing music from the, I guess the orchestra there, maybe not so much now. | ||
| A little atonal. | ||
| Anyway, let's get in Philip Patrick. | ||
| As soon as some activity, this is trick-or-treated at the White House, as soon as some activity. | ||
| What I love about this, President Trump was under orders from the real boss, the first lady. | ||
| Hey, you know, this thing was she. | ||
| I hope you figure it out. | ||
| Cut the deal. | ||
| Let's get on the plane. | ||
| Get on Air Force One. | ||
| Let's get back to the White House because we have the kids over for Trick-or-Tree. | ||
| Is fantastic. | ||
| And like I said, I don't think, well, let me bring in Philip Patrick. | ||
| Philip, there's been turmoil, particularly in the gold and precious metals market, but I got to ask you, do you fully understand the actual deal? | ||
| Because I think, and the mainstream media is like focused on soybeans, which is very important. | ||
| You got to take care of the farmers and there's other aspects to it. | ||
| As you know, we're high tariff guys. | ||
| So there are some cuts in the tariffs, but the rare earths being extended for a year that we continue to get our rare earths if they live up to it. | ||
| The chips, where he said no black wells and no advanced chips like that, although he'll allow NVIDIA to get in discussions with the Chinese Communist Party. | ||
| And there's no discussion on Taiwan. | ||
| To me, if you get that alone, you shut down chips. | ||
| Those are massive wins. | ||
| I don't know why the mainstream media has not given President Trump more props on this, sir. | ||
| Yeah, I agree. | ||
| It's a huge win, particularly the rare earth or the delay of the rare earth export restrictions. | ||
| That's massive. | ||
| Those minerals are the lifeblood of our defense and tech manufacturing. | ||
| So it was certainly a win for the Trump administration. | ||
| I would say this isn't sort of the grand bargain that everyone's been waiting for. | ||
| I think this is more of a ceasefire, while essentially two economic heavyweights who can't afford to keep punching sort of sit it out. | ||
| Both economies are stretched at the moment. | ||
| China, obviously, from a historic real estate crash, we've got a $38 trillion debt load. | ||
| We've got Fed already cutting rates to keep Washington solvent. | ||
| So I think from Trump's point of view, this was tactical. | ||
| He's not giving up leverage. | ||
| He's buying time, time to rebuild industrial base to secure critical mineral supply chains and to protect American farmers who essentially been the foot soldiers of this trade war. | ||
| So I think the idea is to stabilize now and reform later, which quite frankly is a smart move because the alternative, a full decoupling, would just torch economies on both sides of the Pacific. | ||
| We're just not ready for that yet. | ||
| I think it's going to take five to 10 years to onshore rare earth mining and refining. | ||
| And in the meantime, China will have leverage that they could choose to weaponize at any point. | ||
| So I think coming up to a deal, rare earth was a big win, kicking the can further down the road buys us time to reduce their leverage. | ||
| So I think it was absolutely a win and the markets responded accordingly. | ||
| Talk to me about that, particularly the gold market. | ||
| We've had gold bouncing from what, almost 4,500 to now 3,900. | ||
| But the purchasing, the purchasing of the central banks already continues on. | ||
| How is the gold market? | ||
| It's still an alternative asset class, right, that's now getting much more reception at central banks and at money center banks. | ||
| And it's still a hedge. | ||
| So put me through, give me the perspective, give the audience the perspective of the gold market. | ||
| How does the gold market look at the geopolitical and financial risk of the two world superpowers? | ||
| Kind of, as you said, two boxers are taking a timeout. | ||
| How do they view it? | ||
| Look, the gold markets are on fire, right? | ||
| We've seen, look, at the high point, we're up 55% for the year. | ||
| We had a pullback. | ||
| We're now up 45% for the year. | ||
| So I want to quell panic out there. | ||
| Nothing goes up in a straight line. | ||
| You always have profit taking. | ||
| You have markets responding positively and negatively, which is going to change the day today. | ||
| But like you said, look at the structural moves. | ||
| Central bank gold buying is not letting up. | ||
| The velocity is increasing. | ||
| They set another record for the third quarter of this year. | ||
| So, you know, first three quarters have been the biggest three quarters of a year for central bank gold buying ever in history. | ||
| Look at investment banks rapidly raising their predictions. | ||
| So nothing has changed. | ||
| Structurally, we are seeing a shift away from dollars towards gold. | ||
| That is continuing. | ||
| Like I said, nothing goes up in a straight line, not even gold. | ||
| But I would tell people not to be concerned, right? | ||
| Look at central banks upping predictions almost on a daily basis as prices go up. | ||
| People have to remember, yes, gold's high. | ||
| Everything's high, right? | ||
| Look at Besson's op-ed in the Wall Street Journal, what was it, two months ago, talking about how the Fed had created bubbles. | ||
| Markets are at all time highs, housing at all-time highs, gold at all-time highs. | ||
| That's a reflection of fiscal policy. | ||
| So the ability to buy low and sell high simply doesn't exist in this climate. | ||
| The question then becomes, what's more conducive for a climate in front of us? | ||
| And, you know, we have a dollar falling in value. | ||
| We have inflation that's persistent. | ||
| We have potential recession on the horizon. | ||
| This is the perfect storm for gold. | ||
| Factor in what I see as structural changes happening with reserve currency. | ||
| I think we'll see higher gold prices moving forward. | ||
| And as I said, I think the previous time I was on, I don't think what we're seeing is a rally in gold. | ||
| This is a structural change. | ||
| I think the problem is gold's been undervalued for so long. | ||
| Currency overvalued. | ||
| We're now seeing a shift back. | ||
| So I would say to people, don't expect something is just going to keep going up and up and up. | ||
| We're always going to see those corrections down, but it bounces back pretty quickly. | ||
| Gold's over 4,000 again and moving. | ||
| I want to talk about particularly AI when you've got the situation with Jensen Wong. | ||
| It's, you know, Summer Four had this great headline. | ||
| The company broke $5 trillion yesterday in market cap, and they're kind of calling him the $5 trillion man. | ||
| You remember it's not all that long ago that Apple broke the $1 trillion barrier and people thought that that was like that Earth was going to turn the other way, right? | ||
| Start spinning the other way. | ||
| You've had this at least beginning of some sort of interim deal on advanced chips. | ||
| President Trump said, hey, NVIDIA can engage directly with the Chinese Communist Party, the Chinese government, but there's going to be restrictions, particularly the Blackwells and some of the other advanced chips that they can sell. | ||
| That's kind of off the table. | ||
| No discussion at all, supposedly, on Taiwan. | ||
| People are arguing that they fear that even with all the layoffs that are coming in the AI apocalypse, when you look at companies themselves, if they mention anything about AI, they get like a supercharged valuation. | ||
| Folks are talking about this AI bubble. | ||
| Concommittingly, you've got, I think, the greatest liquidity Wall Street's ever had. | ||
| I mean, there's just pools of capital out there looking for places to go. | ||
| How do you balance that in looking at the gold market, the potential AI bubble, coupled with this mass liquidity that Wall Street seems to have right now? | ||
| Listen, it certainly feels like late-stage bubble territory. | ||
| This feels like very similar to the late 90s and the dot-com bubble to follow. | ||
| And just broadly speaking, it's starting to not make sense. | ||
| Look at the S ⁇ P itself, right? | ||
| I was looking at inflation-adjusted price-to-earning ratios today. | ||
| They were above 41. | ||
| For some context, historical average is 17. | ||
| The only times in history Schiller PE went above 27 was 1929, year 2000, 2008, and today. | ||
| So, like I said, there are bubbles all over the place. | ||
| I think you mentioned to me a few weeks ago, there are more private equity firms than the McDonald's branches in the United States today. | ||
| How insane is that? | ||
| So, like I said, I think we've been building bubbles honestly since the turn of the century through policy. | ||
| I think the Fed's ability to keep those bubbles going is running out. | ||
| And ultimately, we know what happens. | ||
| Things pop. | ||
| And when Trump came in, they were talking about a soft landing. | ||
| Other people saying a hard landing. | ||
| The reality is a landing is a landing. | ||
| It's not making sense anymore. | ||
| And we need to bring things down to reality. | ||
| And I think globally there is recognition of that. | ||
| And I think gold's going to pick up a lot of that safe haven demand. | ||
| Walk me through that before I let you go. | ||
| I want to just show them the analytics. | ||
| The price earnings ratio adjusted right now is 41 times. | ||
| That's after tax. | ||
| I mean, that's an insane. | ||
| And historically, it's 17 times. | ||
| So that's an insane valuation. | ||
| But give me the examples of the other three inflection points and what the PE ratio was. | ||
| Yeah, so this is Schiller, PE, Robert Schiller, Nobel Prize-winning economist. | ||
| So three times in history, it's gone above 27. | ||
| It was 30. | ||
| We had the Great Depression, 44 at the dot-com bubble in the year 2000, 27 in 2008, and today over 41. | ||
| You could look back at all of recorded history and say, we've never seen this multiple without a significant drop to follow. | ||
| And so with this liquidity, the same time you got this liquidity, I mean, what are the major houses saying right now? | ||
| I realize that this is the perfect time that gold could be a hedge for your portfolio or for your other financial assets. | ||
| But with this liquidity, does it just keep building? | ||
| Because the AI hype machine continues on. | ||
| I can tell people right now, you can see where it's being used immediately. | ||
| And that is not for productivity. | ||
| It's for efficiency. | ||
| They're going in and they're getting rid of the Homo sapiens, right? | ||
| They want to, you saw this target the other day with a thousand jobs, and they try to hide it by saying, oh, we're just having better data analytics coupled with our technology. | ||
| They mean artificial intelligence. | ||
| Is the liquidity you think going to continue to prop this up, this excess liquidity on Wall Street? | ||
| Listen, I think it'll keep the bubble going for a while, but there is a realization, I think, broadly, that this thing is unsustainable. | ||
| And as soon as people start to realize that and move en masse, it'll start to come down fairly quickly. | ||
| So, yeah, I think it's got legs. | ||
| Listen, this thing should have come down a long time ago, right? | ||
| Based on fundamentals, we should have seen recession a long time ago, and we've kept this thing going over and over and over again. | ||
| Can we keep it running? | ||
| Yes, for how much longer before people realize this is a Ponzi scheme and get out? | ||
| That's what I don't know. | ||
| It's impossible to predict for me. | ||
| Real quickly, how do people get to you? | ||
| We've got a bit of Minnesota. | ||
| How do they get to you and look to your guidance of how to get involved in physical gold? | ||
| Yes, it's very simple. | ||
| To me, they can get me a getter. | ||
| Unfortunately, I don't have the badge of honor of being shadow banned by Twitter. | ||
| So by choice, I'm on Getter. | ||
| It's at Philip Patrick on Getter, at Philip Patrick on Getter. | ||
| And then, of course, they can get all the information from Birch to going to birchgold.com forward slash Bannon. | ||
| Again, birchgold.com forward slash Bannon or text Bannon to 989898. | ||
| Philip, the feedback we get from the Warren Posse is extraordinary. | ||
| You've done such a great job of guiding people through there. | ||
| I understand that people, first off, the fear of missing out. | ||
| And the second, hey, has this thing peaked? | ||
| I know it's on a lot of people's minds. | ||
| That's why I appreciate you coming on and making yourself available. | ||
| A lot of people want to figure out how to hedge financial risk. | ||
| I keep telling folks, don't worry about the price. | ||
| Think about the process, the pattern recognition that goes in. | ||
| What's the process that drives the value of gold? | ||
| When you start to understand that, I think your life will change. | ||
| Philip Patrick, thank you so much. | ||
| Thank this team over at Birch Gold. | ||
| Appreciate you. | ||
|
unidentified
|
Thank you, Steve. | |
| There's going to be a lot more turbulence. | ||
| We keep saying it's not about when the Third World War comes. | ||
| What President Trump is trying to do is to bring peace predicated upon prosperity. | ||
| Now, his number one priority is the United States of America and folks in the United States of America. | ||
| That's why our movement's just not America first. | ||
| It's American citizens first. | ||
| And President Trump's got to juggle a lot. | ||
| You've got in the bloodlands of Ukraine, you've got a massive, you got a massive war. | ||
| You've got in the Middle East, right? | ||
| They're trying to reorganize what's happening in Israel right now. | ||
| And then, you know, most importantly, with the Chinese Communist Party, Captain Finnell tells us, keep the main thing, the main thing. | ||
| And that's what we're trying to do here. | ||
| President Trump's trying to negotiate where he can, trying to show force where he can. | ||
| I love that. | ||
|
unidentified
|
Is that some, we're going to blow break or just go to break? | |
| I love this. | ||
| Very, very fancy here on a Thursday afternoon. | ||
| Short break. | ||
| We're going to be back. | ||
| The White House has got the, it's trick-or-treat at the White House. | ||
| We'll go back there when we return. | ||
|
unidentified
|
A | |
| bunch of trick-or-treaters. | ||
| We're going to follow this. | ||
| Let's keep the music up. | ||
| I got to hear the music. | ||
| President Trump has a trick-or-treat. | ||
| Oh, folks to come by and get in Cambodia. | ||
|
unidentified
|
Isn't this great? | |
| We're going to follow this, folks. | ||
|
unidentified
|
Just watch it. | |
| Let's see. | ||
| I think President Trump, this is the, this is, he's got his iPad. | ||
| This is his, this is his disco collection, isn't it? | ||
| I'm not getting a reaction from my production stuff we don't. | ||
| Of everything he's got through, folks, I want you to look at this. | ||
| He's got the ball cap on. | ||
| Milani, the first lady, they're hanging out. | ||
|
unidentified
|
These are, look at the kids coming up there and doing this. | |
| Tell their grandchildren. | ||
| I was at the White House. | ||
|
unidentified
|
He just got off, I don't know, an 18-hour flight. | |
| He was negotiating with the toughest ombre in the world. | ||
| He gets after being, he gets on a flight, comes back. | ||
| Now he's there for the people. | ||
| This is what I voted for. | ||
|
unidentified
|
The guy never stops. | |
| You're not going to agree with everything he does. | ||
|
unidentified
|
There's a lot of stuff that we say, hey, you know, what's going on here? | |
| But man, you've never had a president like this ever. | ||
| Who's got the energy to do this? | ||
| And look how gracious being the first lady is just amazing. | ||
| Incredible. | ||
| And it's such a memory for these kids. | ||
| That's important. | ||
| This, the Christmas and the White House open for Christmas and then And then the, of course, the over Easter, the Easter egg home. | ||
| President Trump gets a kick at it. | ||
| You can see right there. | ||
| This is what he loves. | ||
| What a beautiful shot. | ||
| I want to thank Real America's work. | ||
| Is that a White House Breed? | ||
| Is that a shot? | ||
| Guys, fantastic chat. | ||
|
unidentified
|
Angle shot. | |
| Amazing. | ||
| All the kids in the costumes. | ||
| Incredible. | ||
| Okay, we're going to have this. | ||
| You're going to watch this. | ||
|
unidentified
|
I'm going to bring in Mike Lindell. | |
| We're talking about scary things. | ||
| Let's get Mike. | ||
|
unidentified
|
Just kidding. | |
| Okay. | ||
| Let's go ahead and bring Mike Lindell in. | ||
| And we're going to keep that. | ||
| We're going to come back to it before we go. | ||
|
unidentified
|
By the way, it's 6 o'clock while Israel slept. | |
| Yaakov Katz is going to join me. | ||
| This book, whether you're pro-Israel, evangelical, or you're in the Tucker Carlson camp, or anywhere in between, buy this book. | ||
| I think it gives you the strategic situation of Israel, what's going on, but it goes through minute by minute of what happened. | ||
| And this, I think, is the reliance on technology, too much of a reliance on technology. | ||
| People that think they got stuff organized and they don't. | ||
| And this should be a warning to the United States about us reliance on technology, etc. | ||
| In fact, the movie, The Last 600 Meters Tonight, starred out. | ||
| Michael Pack was going to make a movie about high-tech in modern warfare, and he ended up making a film that's Marine rifle platoons going door to door, neighborhood to neighborhood in places like Najaf and Fallujah. | ||
| So while Israel slept for an entire hour, I'm going to be with Katz, the author, to go through it. | ||
| Mike Lindell, Arctic Frost. | ||
| Man, when I read those documents, they were coming after you, brother. | ||
| Alex Jones and I think they're the only two journalists, the only two guys in media. | ||
| I wouldn't call myself a journalist. | ||
| But brother, they came after you to take you down and burn you to the ground, sir. | ||
| From every angle. | ||
| And I believe we were the first, Steve. | ||
| We've already tracked ours. | ||
| We've been working on this all week, I have with lawyers and investigators and stuff. | ||
| And they went after my pillow as early as early 2022. | ||
| You guys, they went after my vendors. | ||
| They went after my banks. | ||
| We got debanked at three different banks. | ||
| They went to them. | ||
| They went after, obviously, they took my cell phone in September of 21. | ||
| They went after everything to do with my pillow. | ||
| And not just that, they also reached out to own companies, Verizon. | ||
| They shut my pillows text marketing. | ||
| We weren't able to text market whatever they did. | ||
| Dirty deal they did with Verizon. | ||
| Steve, this goes so deep. | ||
| It's like, you know, all because, why? | ||
| Because my pillows, my employee-owned company, their CEO is out there going, hey, we got problems with our elections. | ||
| You know what? | ||
| There was a 2020 election. | ||
| We need to look into it. | ||
| We need to look into the election platforms. | ||
| Somebody look at this. | ||
| By the way, everybody, remember, I've been fighting against these government private contractors, i.e. | ||
| voting machines, for four and a half years now. | ||
| So isn't this funny? | ||
| You have the FBI, the IRS, and the DOJ come after me, my pillow. | ||
| And then because I'm talking about under my freedom of speech, they talk about government private contractors. | ||
| Steve, it's been absolutely disgusting. | ||
| So tell me, what are you going to do? | ||
| And then I want to pivot to how we're going to pay for this. | ||
| You're going to pay for this, do profits in the company. | ||
| And that's where we're going to sell more towels, sheets, and pillows. | ||
| Well, first of all, what action are you going to take? | ||
| What we're looking in right now is what is the process if you go after this? | ||
| This is my own government, the FBI. | ||
| They were blatant. | ||
| The IRS, FBI, and the DOJ are the three biggest enemies that came after me with full guns at all sides. | ||
| And then you couple that with just this week, SmartMatic, a judge of Minnesota finds my pillow and myself guilty of defaming a corrupt criminal company because it's out in the news right now last week. | ||
| You can't, obviously, Steve, our First Amendment right of free speech is that this is our everything that happened to my pillow should never happen again in history. | ||
| We're not going to say good lying down. | ||
| I am going after whatever avenue I can take. | ||
| I don't know if you can go after the government. | ||
| The president did the other night. | ||
| He said, hey, it's like suing myself. | ||
| It's a great lawsuit. | ||
| And so we're going to be making a lot of moves here in the next three, four days. | ||
| Right now, we're just gathering everything, damage it did to my pillow. | ||
| The damage it did to my pillow alone is in the hundreds of millions of dollars, everybody. | ||
| This doesn't count the stuff that they did with the machine companies and the cancellation. | ||
| So you guys have made it possible. | ||
| You guys, please help us out. | ||
| It's the last day for the made in USA sale. | ||
| All of our MyPillow products that are made right here, our mattresses, our pillows, everything that we make, the mattress, the bed frames, everything, you can save up to 80%. | ||
| This is the last day for that. | ||
| You guys, get those mattresses, mattress toppers. | ||
| Remember, 60-day money-back guarantee on all the USA price. | ||
| We got to bounce, brother. |
Export Selection